The Switzerland-listed fund of funds is selling its stakes in seven private equity funds in order to free up cash for capital calls and further fund commitments.
The world's largest private manager of infrastructure assets also saw its fiscal 2009 half-year profit plummet 43% to A$604m. Its unlisted funds continued to post strong base and performance fees, while listed funds did not.
The Switzerland-listed fund of funds is selling its stakes in seven private equity funds in order to free up cash for capital calls and further fund commitments.
The firm has closed a venture only fund after having a hybrid private equity and venture model in place since 1991.
KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.
KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.
Lehman Brothers Private Equity Partners, which is unaffiliated with the collapsed investment bank, saw its losses for the year nearly double during the month of October.
Lehman Brothers Private Equity Partners, which is unaffiliated with the collapsed investment bank, saw its losses for the year nearly double during the month of October.
The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.
Though the results reflect a slowed investment pace constrained by bank lending, the listed infrastructure fund headlined £50.3m in profits. Managing partner Michael Queen said 3i Infrastructure wants to be part of a Gatwick Airport deal.